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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues    
Licenses, royalties and fees $ 2,242,500 $ 670,600
Product and other sales 1,099,200 896,300
Total revenues 3,341,700 1,566,900
Cost of revenues    
Licenses, royalties and fees 115,400 96,500
Product and other sales 445,800 346,600
Total cost of revenues 561,200 443,100
Gross profit 2,780,500 1,123,800
Operating expenses    
Research and development 153,200 146,300
Sales and marketing 387,300 253,600
General and administrative 369,400 317,600
Total operating expenses 909,900 717,500
Net income from operations 1,870,600 406,300
Other income (expenses)    
Interest income 2,900 500
Interest expense, bank charges, financing cost and accretion of interest (12,300) (25,600)
Total other income (expenses) (9,400) (25,100)
Net income before income taxes 1,861,200 381,200
Income taxes 205,800
Net income $ 1,655,400 $ 381,200
Net income per common share    
Basic $ 0.03 $ 0.01
Diluted $ 0.03 $ 0.01
Weighted average common shares outstanding    
Basic 58,616,716 58,603,441
Diluted 58,980,420 58,895,173